- ISIN
- US01878T4004
- Issuer
- AllianceBernstein
- Inception Date
- Dec 11, 2012
- Category
- Long-Short
- Min. Investment
- $2,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
ASILX Performance Chart
AB Select US Long/Short Portfolio (ASILX) is up 4.8% since the beginning of the year. ASILX is currently trading at $15 per share. Investors who bought $1,000 worth of ASILX shares 5 years ago would now be looking at an investment worth $1,467.
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Returns By Period
AB Select US Long/Short Portfolio (ASILX) has returned 4.76% so far this year and 12.66% over the past 12 months. Over the last ten years, ASILX has returned 9.19% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
AB Select US Long/Short Portfolio
- 1D
- 0.86%
- 1M
- 1.00%
- YTD
- 4.76%
- 6M
- 5.34%
- 1Y
- 12.66%
- 3Y*
- 12.79%
- 5Y*
- 7.96%
- 10Y*
- 9.19%
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
ASILX Monthly Returns History
Based on dividend-adjusted daily data since Dec 13, 2012, ASILX's average daily return is +0.03%, while the average monthly return is +0.70%. At this rate, an investment would double in approximately 8.3 years.
Historically, 67% of months were positive and 33% were negative. The best month was Nov 2020 with a return of +5.5%, while the worst month was Mar 2020 at -5.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, ASILX closed higher 52% of trading days. The best single day was Mar 13, 2020 with a return of +5.0%, while the worst single day was Mar 16, 2020 at -6.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.90% | -0.62% | -1.86% | 3.85% | 2.43% | 0.07% | 4.76% | ||||||
| 2025 | 2.68% | 0.00% | -3.19% | -0.40% | 2.03% | 2.91% | 1.22% | 1.46% | 1.50% | 0.80% | 0.37% | 0.12% | 9.77% |
| 2024 | 1.70% | 4.00% | 2.52% | -2.66% | 3.37% | 2.10% | 1.40% | 1.83% | 1.16% | -0.19% | 4.14% | -2.06% | 18.46% |
| 2023 | 0.97% | -1.52% | 1.22% | 1.85% | -0.08% | 3.80% | 1.83% | -1.35% | -2.20% | -0.39% | 4.05% | 2.58% | 11.06% |
| 2022 | -2.19% | -1.33% | 1.00% | -4.36% | 0.29% | -3.82% | 3.89% | -1.62% | -3.43% | 2.24% | 2.27% | -2.95% | -9.94% |
| 2021 | -0.65% | 2.39% | 3.40% | 3.42% | 0.73% | 0.79% | 0.91% | 1.75% | -2.67% | 4.77% | -0.75% | 2.65% | 17.81% |
Benchmark Metrics
AB Select US Long/Short Portfolio has an annualized alpha of 1.64%, beta of 0.50, and R2 of 0.92 versus S&P 500 Index. Calculated based on daily prices since December 13, 2012.
- This fund participated in 55.84% of S&P 500 Index downside but only 53.21% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.50 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.64%
- Beta
- 0.50
- R²
- 0.92
- Upside Capture
- 53.21%
- Downside Capture
- 55.84%
Expense Ratio
ASILX has a high expense ratio of 1.55%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ASILX ranks 78 for risk / return — better than 78% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for AB Select US Long/Short Portfolio (ASILX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ASILX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.36 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 2.71 | +0.96 |
| Martin ratioReturn relative to average drawdown | 14.15 | 12.15 | +2.00 |
Dividends
Dividend History
AB Select US Long/Short Portfolio provided a 12.55% dividend yield over the last twelve months, with an annual payout of $1.91 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.91 | $1.91 | $1.07 | $0.19 | $0.80 | $1.74 | $0.59 | $0.47 | $1.01 | $0.64 | $0.00 | $0.38 |
Dividend yield | 12.55% | 13.15% | 7.18% | 1.41% | 6.51% | 11.92% | 4.28% | 3.54% | 8.71% | 5.03% | 0.00% | 3.35% |
Monthly Dividends
The table displays the monthly dividend distributions for AB Select US Long/Short Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.91 | $1.91 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.07 | $1.07 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.80 | $0.80 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.74 | $1.74 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the AB Select US Long/Short Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the AB Select US Long/Short Portfolio was 18.36%, occurring on Mar 23, 2020. Recovery took 95 trading sessions.
The current AB Select US Long/Short Portfolio drawdown is 0.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -18.36%Mar 2020 | 1mo 2d | 4mo 16d | 5mo 18dFeb 2020 - Aug 2020 |
2023 correction2023 | -12.30%Mar 2023 | 1y 2mo | 10mo 11d | 2y 13dJan 2022 - Jan 2024 |
Rate-hike selloffLate 2018 | -11.48%Dec 2018 | 2mo 21d | 4mo 3d | 6mo 24dOct 2018 - Apr 2019 |
2016 pullback2016 | -8.73%Feb 2016 | 11mo 15d | 5mo 4d | 1y 4moMar 2015 - Jul 2016 |
2025 selloff2025 | -7.94%Apr 2025 | 1mo 13d | 3mo | 4mo 13dFeb 2025 - Jul 2025 |
Drawdown Indicators
| ASILX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.36% | -56.78% | +38.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.61% | -9.10% | +5.49% |
Max Drawdown (3Y)Largest decline over 3 years | -7.94% | -18.90% | +10.96% |
Max Drawdown (5Y)Largest decline over 5 years | -12.30% | -25.43% | +13.13% |
Max Drawdown (10Y)Largest decline over 10 years | -18.36% | -33.92% | +15.56% |
Current DrawdownCurrent decline from peak | -0.20% | -1.29% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -10.72% | +8.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 2.02% | -1.09% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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